---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002098"
form_type: "8-K"
ticker: null
cik: "0000846901"
company_name: "LAKELAND BANCORP INC"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T17:42:55.399644+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lakeland Bancorp Reports Q1 2024 Net Income of $19.8M, Declares $0.145 Dividend, Provides Merger Update

## Summary
- Net income for Q1 2024 was $19.8 million, flat year-over-year, with diluted EPS of $0.30.
- Declared quarterly cash dividend of $0.145 per share, payable May 8, 2024 to holders of record April 29.
- Nonperforming assets decreased 12% to $14.9M (0.14% of assets) from $16.9M a year ago.
- All regulatory approvals obtained for merger with Provident Financial Services; subordinated debt offering in progress.
- Net interest margin declined 61 bps to 2.46% from 3.07% in Q1 2023 due to higher deposit costs.

## SEC filing metadata
- accession: 0001171843-24-002098
- form_type: 8-K
- cik: 0000846901
- company_name: LAKELAND BANCORP INC
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846901/000117184324002098/0001171843-24-002098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846901/000117184324002098/f8k_041924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002098
- JSON: https://secwatch.observer/filing/0001171843-24-002098.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002098.txt

## Key facts
- Earnings Releases
  LAKELAND BANCORP INC reported the three months ended March 31, 2024 results: net income $19.8 million, EPS $0.30.
  - Period: the three months ended March 31, 2024
  - Net income: $19.8 million
  - EPS: $0.30
  - Result: reported results
  source text: Lakeland Bancorp, Inc. (NASDAQ: LBAI ) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $19.8 million and earnings per diluted share ("EPS") of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000117184324002098/0001171843-24-002098-index.htm
- Earnings Releases
  LAKELAND BANCORP INC reported the three months ended March 31, 2023 results: net income $19.8 million, EPS $0.30.
  - Period: the three months ended March 31, 2023
  - Net income: $19.8 million
  - EPS: $0.30
  - Result: reported results
  source text: Lakeland Bancorp, Inc. (NASDAQ: LBAI ) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $19.8 million and earnings per diluted share ("EPS") of $0.30 for the three months ended March 31, 2024 compared to net income of $19.8 million and diluted EPS of $0.30 for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/846901/000117184324002098/0001171843-24-002098-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.